Solar Panels Cost 8.9k-17k in Chickasha, OK | October, 2024

Solar Panels Cost $8.9k-$17k in Chickasha, OK | October, 2024

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How much do solar panels cost in Chickasha, OK in 2024?

On average, in Chickasha, OK in the month of October, 2024, the cost per watt of solar systems is $3.18/W.

Using this price, you should expect to pony up $3,180, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to generate. With a 30% federal tax credit, the average cost for a 5 kW system in Chickasha is approximately $11,130. It's vital to consider that a higher capacity system may be essential to fully meet your energy requirements.

By selecting your county on the left, you can find out the typical roof size and the average maximum capacity for residential solar panel systems in your area. Below is a breakdown of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Chickasha: $11,130US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Chickasha: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Chickasha: $17,333US Average: $15,784

Solar Potential in Chickasha

Estimated system size and solar electricity production per median viable roof in
Chickasha.

Roof size 876sq. ft.
Capacity 12.25kW DC
Electricity 15.5kkWh AC per yr.

Electricity Costs in Chickasha, OK & What that Means for Your Solar Panel Pricing

With an average consumption of 1,029 kWh per month, Chickasha households pay about $138.47 for electricity each month. This data also encompasses the energy consumption patterns of smaller residences, such as apartments.

The electricity rate per kWh in Chickasha, OK for October 2024 is on average 13.45¢.

To satisfy the electricity requirements of an average consumer in Chickasha, a solar panel system of 8 kW or higher is a must. Upfront, an 8 kW solar system is approximately $25,440, with the federal tax credit returning 30% of your investment amount, which cuts down the total to $17,808.

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Average solar panel costs by system size in Chickasha

To the left side and below, you can find the pricing details for multiple sizes of the solar panel systems installed in Chickasha. Naturally, with a more extensive solar system, there will be a greater initial expense, but the advantages include higher electricity savings and larger income tax credits.

Check a cost benefit analysis in the solar panel cost calculator below and to the right, for an average electric bill of $138.47 in Chickasha. Adjust the $138.47 to your usual bill payment for personalized results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $848 a year
Est. Price
$8,904
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $71
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.63 tons a year
  • Equivalent to planting 121 trees a year
  • Equivalent to driving 6,512 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,060 a year
Est. Price
$11,130
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $88
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.29 tons a year
  • Equivalent to planting 151 trees a year
  • Equivalent to driving 8,140 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,273 a year
Est. Price
$13,356
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $106
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.95 tons a year
  • Equivalent to planting 181 trees a year
  • Equivalent to driving 9,769 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,485 a year
Est. Price
$15,582
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $124
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.6 tons a year
  • Equivalent to planting 211 trees a year
  • Equivalent to driving 11,397 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,697 a year
Est. Price
$17,808
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $138
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 5.14 tons a year
  • Equivalent to planting 236 trees a year
  • Equivalent to driving 12,713 mi less a year

Chickasha Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your photovoltaic or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.

Installing residential solar panels comes with a 30% federal tax credit, accessible to almost all homeowners, making it a wise option for numerous areas across the country. Additionally, various state and local programs exist to further support the adoption of solar power.

Several utilities and government organizations in Oklahoma currently offer 2 solar rebates and incentives.

Renewable Energy Goal

Value:Varies

The Energy Security Act effectively established a renewable portfolio standard to guide state energy investment. The Act required utilities in the state to generate at least 15% of their retail energy from renewable sources by 2015, but without stepped progress "checkpoints" or longer-term goals enumerated. In lieu of renewable energy credits, compliance with the standard goal was measured through annual reports sent to the Oklahoma legislature. Currently, 25.9% of retail energy in Oklahoma is generated renewably. The same legislation elevated the status of natural gas as the preferred fossil fuel for energy generation. Utilities that do not use natural gas are required to explain why they made that choice to the Oklahoma Corporation Commission.

Energy Standards for State Buildings

Value:Varies

Previously in Oklahoma, new state facilities were required to meet certain energy-efficient building standards and seek certification from the Office of Management and Enterprise Services. The statutes codifying this requirement were repealed in 2013. Oklahoma still sets energy efficiency standards at the state level for public and private buildings to follow at their choice. The state government may seek ENERGY STAR certification for buildings at its discretion.

Are solar panels worth it in Oklahoma?

For those planning to stay in their home past the solar system's payback period, solar panels are a smart investment in Chickasha. If you install a 5 kW solar system in Chickasha, OK, you might save $22,102.8 over 20 years on average, with a break even point at around 7 years.

The cost of not having solar panels in Chickasha, OK

If you don't install solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. Numerous recent news reports have illustrated that total reliance on your utility isn't always the best idea.

In Chickasha, there are about 1.29 outages per customer annually. Each outage lasts an average of 171.53 minutes. In the case of major events such as heavy rain and flooding, vandalism, or equipment failure, this period can increase substantially.

Even without a backup battery, a solar panel system can reduce the stress of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Grady County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Chickasha, OK?

Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the larger upfront expense. Installing a solar panel system that can fully offset the electric bill is beneficial to homeowners because of the money saved.

Make & Model - There are a wide variety of makes and models of solar panels. The installer’s preference for system makes it crucial to pick a reputable company. Buyers generally find that utilizing higher quality equipment provides a more satisfactory long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide more energy. Most installers work with panels constructed from this material.

Your Property - No two properties or homes are identical. Trees, irregular terrain, or other considerations can increase the difficulty of the installation. These days, the majority of solar installers can use satellite imagery to assess your home and include these elements into the first cost estimate.

Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Paying higher wages frequently results in companies receiving better reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be affected by the permitting and utility interconnection fees, which change by area. Quality local installers will include these figures in your first estimates to provide transparency.

See what solar panels cost in other OK cities

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Who are the best solar installers in Chickasha?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Engie North America

Houston, TX(713) 636-0000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Chickasha, OK Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Chickasha, OK is $3.18/W. A 5 kW solar panel system will cost you around $11,130 in Chickasha, OK after the federal tax credit is applied.

  • At present, there are 2 rebates and incentives available to Oklahoma residents from various utility and government programs. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Paying in cash provides the highest savings, but there are multiple financing options available today for solar panels that are also beneficial. Many installers have partnerships with financing companies and will provide this information in your initial quotes.

  • Yes, the payback period for 5 kW solar energy systems in Chickasha, OK averages 7 years, with electricity savings of about $22,102.8 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01